Investor to target global alternatives

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IPE-QUEST - A European institutional investor is venturing into global alternative investments and is looking to hire a suitable manager, using IPE Quest.

Information issued in QN1052 reveals the location of the Continental European investor has been withheld to protect its identity, however, this is the first time any asset owner has sought an alternatives mandate through IPE-Quest.

More specifically, the investor is amenable to the asset manager suggesting which benchmark they should use for the €20m global alternatives mandate, although assets must be invested specifically in CTAs/managed futures through a systematic process.

Asset managers must hold a minimum of €100m under both the mandate and their firm in order to be a potential candidate, but no further requirement is stipulated at this time.

Performance data must be stated gross of fees to 31 August, 2008, and the closing date for entries is 15 October, 2009.

If you have any comments you would like to add to this or any other story, contact Julie Henderson on + 44 (0)20 7261 4602 or email julie.henderson@ipe.com